Round Numbers can play a major role in the formation of new support or resistance zones. Numbers such as $10, $20, $30, $40, $50 and so on often create a phycological barrier for traders and investors in the formation of new price levels. Following a negative earnings report it will be interesting to see how
Monster Beverage (MNST) was in a consolidation pattern for a few months before pleasantly surprising on earnings. While there are no great patterns currently that can change quickly and the resistance level that formed last year is certainly one to be aware of if you are going to trade this stock.
There are certainly some roller coaster rides you can go on if you trade biotech or pharmaceutical stocks. In addition to the unknown and known events that every company has, there are constantly (at least it seems that way) news related to the company’s development of drugs and therapeutics that dramatically impact the stock. That
Volatility has finally returned to the oil patch. And that’s a good thing. Before yesterday’s bloodshed, the Street’s favorite oil ETF, USO, had become a total bore.
Last week’s missive spotlighted the sudden resurgence of volatility in the oil patch. Today I want to pick-up on the theme and layout one-way traders might try to capitalize on the situation.
Tuesday’s plunge was a stark reminder that markets move up and down. It was a warning shot, a gut check for bulls of all stripes to see how efficient their risk protocols are.
Inspired answers are born from inspired questions. I know I received the latter in my inbox just last week. Today’s tale is my attempt at creating the former. One of the all-star students from my recent Options I class asked whether or not I thought she could be a successful trader given that she only
April is upon us, and you know what that means – another monthly retrospective! I can already feel the good vibes bubbling to the surface. Lest you are unaware, I’ve started a new series this year here at Tales of a Technician.
While U.S. equities continue to dither, things are getting frisky across the pond.
Today’s tale tackles credit spreads and volatility. Fellow team member Adam posed an interesting question I’d like to address.
Early in my trading career, someone introduced me to the mighty Iron Condor. ‘Twas a fine bird with iron running through her veins and a wingspan that would make LeBron James jealous.
My mindset is completely different now. How I approach my finances and manage my businesses plus how I talk to my kids about money and their future is no longer the same.
Another month is in the books. And with that, I’m ready to roll out my fourth monthly retrospective. One thing I was reminded of last month is the reality of diversification.
So you put a collar on your stock position for earnings and now want to know what to do to unwrap it? here’s an example of how.
I got an email from my trading mentor and coach stating that he will be town this week for a trading seminar in case I wanted to swing by and say hello. Two and a half years ago, I was one of those people sitting in that trading seminar learning and taking notes on
The recent rendezvous of the CBOE Volatility Index (VIX) with the single digits has the punditry class all aflutter. And with good reason. It’s a rare occurrence seen only a few times over the past 27 years.
“On Delta trading, what would be a reasonable delta limit for my portfolio?” Let’s hop to it.
Do you remember in school being given a project that required having a partner or being in a group? To me, it seemed like I was paired up with the wrong people. I either had to do most of the work to ensure I got a good grade or, I was the not so smart
Let’s talk trade management ideas for naked puts run amok.
Adios May. We hardly knew ye. But you will go down as the second best month of the year for my trading account so thanks for that! I’ll commemorate your contributions by unleashing yet another in a growing line of insightful retrospectives.
As with anything worth doing, one must first start with “why”. The why in our case is rather simple… For one, I am a big believer in environmental stewardship and the continuity of human life. Science has taken theory to established fact, and the fact of the matter is that we must take better care
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